- Strive acquires 1,107 BTC for $94 million — implying ~$84,913 average entry price
- Bitcoin is trading at $83,399 at time of writing — down 1.87% in 24 hours
- Strive, co-founded by Vivek Ramaswamy, joins a growing list of corporate Bitcoin treasury holders
Vivek Ramaswamy’s asset management firm Strive has purchased 1,107 Bitcoin for approximately $94 million, according to a report by WatcherGuru.
At the time of writing, Bitcoin is trading at $83,399 — down 1.87% over the past 24 hours — making the average acquisition price approximately $84,913 per coin based on the disclosed purchase total.
Strive, co-founded by Ramaswamy following his 2024 presidential campaign, has positioned itself as an explicitly pro-capitalism asset manager. A Bitcoin treasury purchase of this scale — 1,107 BTC — places Strive among a growing cohort of corporate treasuries allocating directly to Bitcoin, a list that includes Strategy (formerly MicroStrategy), Metaplanet, and others documented in recent months.
The $94 million acquisition represents a significant capital commitment for a firm of Strive’s stage, and signals institutional confidence in Bitcoin as a reserve asset even as the price sits nearly 20% below its all-time high. For broader context on institutional flows reshaping the crypto landscape, see Gate’s TradFi Desk Hits $16.86B in September — A Record That Changes the Narrative.
No further details regarding the acquisition timeline, custody arrangement, or financing structure have been disclosed at this time.
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Source: WatcherGuru · Published by CoinsProbe Markets Desk
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